Lithuania Industry


Industrial production drops in November

In November 2013, industrial production fell 3.8% over the same month of the previous year, which contrasted the 1.1% expansion recorded in October. The negative reading was broad-based; three of the four main sectors of industrial activity contracted in November, with the largest drop recorded in electricity, gas and steam.

On a sequential basis, industrial production fell 3.4% over the previous month in seasonally-adjusted terms, contrasting the 3.0% increase registered in October. Annual average growth in industrial production fell from 5.4% in October to 4.4% in November.

FocusEconomics Consensus Forecast panelists expect industrial production to expand 7.8% this year, which is unchanged over last month's estimate. The panel expects industrial production to increase 7.3% in 2015.

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Lithuania Industry Chart

Lithuania Industry November 2013

Note: Year-on-year changes and annual average growth of industrial production index in %.
Source: Statistics Lithuania and FocusEconomics calculations.

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